Yeah Kevin I think you left off a spacer or an entire bolt on groove. Or it never was right to begin with.
Unless this is an engine that uses a slinger...slinger...OLDS 350 is the last car engine I remember seeing with an oil slinger. Is this an Olds 396

? Big Block Chevy doesn't use a slinger does it? I can't remember, been over 3 years probly 4 since I had a BBC apart.
I know one thing Kevin and don't take this wrong but if it was mine and I didn't like it I'd strip the damthing in a heartbeat. Gimme an impact and I'd have the pump and balancer off in under 5 minutes before I'd be wondering if I had tore up my bal snout. 2 more minutes and the bal is back on if it's ok and I'm buying another waterpump or tearing the back cover off the old one or digging thru my junk for another pump to compare it to or all 3 then back together.
Don, hope I don't destroy your opinion of me but I do mean pull it on with a bolt. There's no difference in using the threads in the crank to pull the bal on ... versus holding it on ... versus using an allthread and nut to pull it on...there's so little work transpiring because the interference fit is minimal on that small diameter. It works fine, but you have to use a longer bolt so you get enough threads dividing the load. The OEM washer with a Cat heavy flat or an SAE flat does the task of providing a thrust face. 1/2" impact zing it's done , reverse it out and slap the short bolt to her. One of those deals where a lifetime of building stuff I know I'm not hurting anything, and it's fast. Or maybe I've got lucky and all of em I've done have been easy...naaahhh... wolfs balancer is an ATI and it was tighter than a nuns device... I had to change bolt lengths 3 times to keep myself satisfied on it.
If others want to use an installer I am cool with that, I just don't see it as necessary for me. I'll make a video next weekend if I don't have the Wolf back , cross your fingers for me I'd rather have the wolf and you guys can wait on my next how-to-video

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Don, the ° symbol is in a program called character map and it is in Windows already, always has been.
And I am into keyboard shortcuts cuz I find a mouse too slow. Learned about shortcuts from an Indian dude with fingernails 4" long on his pinkies... in Malaysia, that dude was fast, NEVER touched his mouse. I used to try to learn one a day but it got old and I really didn't give that much of a hoot.
The shortcut for ° is alt+0176. It takes some practice. I use it in emails at work a lot and I won't tell any of my companies engineers how to do it hehehehehe
Also Don...re-read Kevins#1 post, he is saying the bal groove is closer to the block than the pump groove. Not closer than it was. He is asking us if there is any way he could have made it go further than it was, and you answered him correct... by mushrooming the snout.
Also this just now popped into my skull... if the damthing wasn't on all the way before yes you could put it on further. That in addition to omitting an oil slinger.
Kevin I re-read your posts, you are saying the groove edges line up. That is how they are aligned in my business. I use a 6 foot level as a straightedge, or a laser sometimes. If the edge is aligned the center is irrelevant, belt doesn't ride on the bottom...it grabs the sides. We need pictures.